To begin with, we want to say once again that Bitcoin will continue to show volatility as it approaches the key resistance level of $30,000. To break through this level, you need to collect enough liquidity to break through the protection in the form of a huge number of limit orders to sell.
Therefore, you should not pay attention to what is happening on small timeframes now.
👀 More interesting things are happening now on the Bitcoin dominance chart. Apparently, the dominance is going to break through the side range upward. A detailed analysis of the impact on price of dominance in this sideways range can be read in the previous post.
In the event of a breakdown, obviously a huge portion of liquidity will begin to flow into Bitcoin. From which alts may begin to fall until Bitcoin's dominance stabilizes in a new trading range.
On the one hand, some of the alts collected in the portfolio may drop significantly, on the other hand, there will be an excellent opportunity to buy more at a good discount.
In any case, now the priority is in favor of continuing the correction and therefore you just need to wait for cheaper entry points into the market.
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